Dan Gilbert, the billionaire founder of Quicken Loans, announced Thursday morning that he is donating his fortune to the residents of Detroit following a realization he had at a Passover seder this week.
“We were getting things started by watching The Prince of Egypt, as we traditionally do in our family,” Gilbert recounted, “and about halfway through the opening chariot race scene, I got this sneaking suspicion that there was something familiar about the story of an autocratic, extremely wealthy individual [Pharaoh] trying to immortalize himself by building giant monuments to his ego.”
Gilbert, who broke ground in 2017 on a downtown Detroit skyscraper intended to be Michigan’s tallest, had already announced plans to donate $500 million towards Detroit neighborhood revitalization efforts the previous week. But thinking through the Passover story prompted him to go several steps further.
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